R-12.1 - Act respecting the Pension Plan of Management Personnel

Section 196.5 Disposition versions

2016-01-01

196.5. The functions of the committee include

(1)  reexamining, on request, the decisions made by Retraite Québec in respect of employees and beneficiaries under the plan;

(2)  determining the conditions of implementation of the amendments to the plan agreed on by the associations representing those employees and the Government if no such conditions have been determined, to the extent that the costs of those conditions are consistent with Retraite Québec’s budget;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of funds derived from contributions paid by those employees;

(4)  approving the financial statements of the pension plan within 30 days after the recommendation of the audit committee of the board of directors of Retraite Québec;

(5)  receiving for examination Retraite Québec’s annual action plan for the pension plan, and reporting on it to Retraite Québec;

(6)  receiving for examination the actuarial valuation reports for the plan; and

(7)  establishing a financing policy with respect to the employees’ contribution fund under the plan.

In addition to the decisions mentioned in subparagraph 1 of the first paragraph, the committee also reexamines the decisions made by Retraite Québec in respect of an employee who is a member of the Government and Public Employees Retirement Plan if they relate to an application to redeem years or parts of a year of service filed by the employee while a member of this plan and if those years and parts of a year are subject to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10).

For the purposes of subparagraph 4 of the first paragraph, the financial statements of the plan must be signed by two members of the committee, one of whom represents the employees and beneficiaries and the other of whom represents the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, the board of directors of Retraite Québec is responsible for approving them.

2006, c. 49, s. 121; 2013, c. 9, s. 60; 2015, c. 20, s. 61.

2013-05-23

196.5. The functions of the committee include

(1)  reexamining, on request, the decisions made by the Commission in respect of employees and beneficiaries under the plan;

(2)  determining the conditions of implementation of the amendments to the plan agreed on by the associations representing those employees and the Government if no such conditions have been determined, to the extent that the costs of those conditions are consistent with the Commission’s budget;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of funds derived from contributions paid by those employees;

(4)  approving the financial statements of the pension plan within 30 days after the recommendation of the audit committee of the board of directors of the Commission;

(5)  receiving for examination the Commission’s annual action plan for the pension plan, and reporting on it to the Commission;

(6)  receiving for examination the actuarial valuation reports for the plan; and

(7)  establishing a financing policy with respect to the employees’ contribution fund under the plan.

In addition to the decisions mentioned in subparagraph 1 of the first paragraph, the committee also reexamines the decisions made by the Commission in respect of an employee who is a member of the Government and Public Employees Retirement Plan if they relate to an application to redeem years or parts of a year of service filed by the employee while a member of this plan and if those years and parts of a year are subject to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10).

For the purposes of subparagraph 4 of the first paragraph, the financial statements of the plan must be signed by two members of the committee, one of whom represents the employees and beneficiaries and the other of whom represents the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, the board of directors of the Commission is responsible for approving them.

2006, c. 49, s. 121; 2013, c. 9, s. 60.

2007-06-01

196.5. The functions of the committee include

(1)  reexamining, on request, the decisions made by the Commission in respect of employees and beneficiaries under the plan;

(2)  determining the conditions of implementation of the amendments to the plan agreed on by the associations representing those employees and the Government if no such conditions have been determined, to the extent that the costs of those conditions are consistent with the Commission’s budget;

(3)  establishing, jointly with the Caisse de dépôt et placement du Québec, an investment policy in respect of funds derived from contributions paid by those employees;

(4)  approving the financial statements of the pension plan within 30 days after the recommendation of the audit committee of the board of directors of the Commission;

(5)  receiving for examination the Commission’s annual action plan for the pension plan, and reporting on it to the Commission; and

(6)  receiving for examination the actuarial valuation reports for the plan.

In addition to the decisions mentioned in subparagraph 1 of the first paragraph, the committee also reexamines the decisions made by the Commission in respect of an employee who is a member of the Government and Public Employees Retirement Plan if they relate to an application to redeem years or parts of a year of service filed by the employee while a member of this plan and if those years and parts of a year are subject to section 109.1 of the Act respecting the Government and Public Employees Retirement Plan (chapter R-10).

For the purposes of subparagraph 4 of the first paragraph, the financial statements of the plan must be signed by two members of the committee, one of whom represents the employees and beneficiaries and the other of whom represents the Government. If the financial statements are not approved by the committee within the time prescribed in that subparagraph, the board of directors of the Commission is responsible for approving them.

2006, c. 49, s. 121.